Fee-block merger plans could see IFAs pay more

The FSA says it will consult on whether to merge fee-blocks A12 (arrangers who hold or control client assets such as discretionary managers), A13 (IFAs) and A14 (corporate financial advisers) in the autumn. It means advisers could potentially pay more than they would normally do in 2011/12 if firms in A12 and A14 are subject to significant FSA activity in the coming financial year. The FSA says it is continuing to discuss the issue with stakeholders and expects to publish a detailed consultation paper later this year. A spokesman makes clear the merger is in no way " set in stone". ...